A company currently has 112k shares outstanding, selling at $55 per share. The firm intends to raise $551k through a rights offering. Management suggests that a discount cannot fall below 14% as outlined in the previous issue, to which existing shareholders did not respond with much enthusiasm. They believe that a 38% discount offer is more appropriate. Also, the CEO is rejecting calls for raising capital through debt or preferred stock. Net earnings after taxes (EAT) are $511k. Furthermore, a recent corruption scandal involving a number of senior figures in the firm has come to light in the press; soon after the rights offering was announced - in other words, it was already too late. Among the immediate consequences were a fall in stock price by 18.26% and increased capital requirements by 58%. Required: In percentage terms, determine by how much did the dollar value of one right change before and after the consequences described above, together with the 38% discount offer which was simultaneously taking place. % Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%). Note: The term "K" is used to represent thousands (* $1,000)